New Fannie Mae Guidelines Impact on HOAs

Because of the potential housing market meltdown, Fannie Mae has adopted new underwriting guidelines in terms of individuals buying housing in condominium and community associations.  In the past, the major focus of lenders has been on the buying power of the purchaser, but in today’s volatile housing climate, the new rules also stress the financial [...]

Get the tax credits you deserve for your vacation condo

With tax season upon us, individuals who own vacation condos must be certain they are able to claim every tax credit and/or deduction allowed them by law. The following is an excerpt from my book, Condo Living: A Guide to Buying, Owning & Selling a Condominium and is part of a tax credit series [...]

Be on the look-out for real estate fraud

With the condition of the real estate market throughout the country and the rate of foreclosures constantly rising, it is imperative that prospective buyers and sellers keep their eyes open for real estate fraud. There are three types of major fraud for which to be on the look-out.  One such type of fraud is home [...]

With 2007 gone, what is in store for 2008?

2007 brought with it many interesting events that unfolded throughout the Country. Condominium and community associations were certainly not exempt from the tumultuous conditions as they found themselves struggling to manage through the loss of assessment revenue as many homeowners lost their homes to foreclosure.
On the legal front, however, condominium association boards breathed a little easier [...]

Should Our Association Pursue the Developer through Local Government Channels?

I was recently approached by an individual whose condominium association was enduring several defects due to the developer’s refusal to address the issues. Instead of pursuing the developer in a court of law, the condominium association has chosen to attempt to remedy the situation by going through local government channels.
While it is true, the local [...]